Coeur Mining Inc. (CDE) Stock Rating Upgraded by Vetr Inc.
Coeur Mining Inc. (NYSE:CDE) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Monday. The firm currently has a $11.10 price objective on the stock. Vetr‘s price objective would indicate a potential upside of 12.35% from the company’s current price.
Several other equities analysts have also weighed in on CDE. CIBC raised shares of Coeur Mining from a “sector underperform” rating to a “sector perform” rating in a report on Tuesday, August 30th. Zacks Investment Research lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Deutsche Bank AG raised shares of Coeur Mining from a “sell” rating to a “hold” rating and lifted their target price for the company from $7.50 to $11.00 in a report on Monday, October 3rd. Roth Capital set a $16.00 target price on shares of Coeur Mining and gave the company a “buy” rating in a report on Monday, October 10th. Finally, Canaccord Genuity initiated coverage on shares of Coeur Mining in a report on Tuesday, October 25th. They set a “buy” rating and a $13.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $11.19.
Shares of Coeur Mining (NYSE:CDE) opened at 9.88 on Monday. Coeur Mining has a 1-year low of $1.62 and a 1-year high of $16.41. The company’s 50-day moving average is $10.62 and its 200-day moving average is $11.57. The stock’s market cap is $1.68 billion.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.13. Coeur Mining had a negative net margin of 35.68% and a positive return on equity of 1.35%. The company earned $176.25 million during the quarter, compared to analyst estimates of $183.60 million. During the same period last year, the firm posted ($0.16) EPS. Coeur Mining’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities analysts expect that Coeur Mining will post $0.40 EPS for the current fiscal year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $12.55, for a total transaction of $125,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.53% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Societe Generale acquired a new stake in shares of Coeur Mining during the second quarter valued at about $106,000. SG Americas Securities LLC purchased a new position in shares of Coeur Mining during the second quarter valued at $106,000. Nuveen Asset Management LLC purchased a new position in shares of Coeur Mining during the second quarter valued at $108,000. Ameritas Investment Partners Inc. boosted its position in shares of Coeur Mining by 13.5% in the second quarter. Ameritas Investment Partners Inc. now owns 11,907 shares of the company’s stock valued at $127,000 after buying an additional 1,415 shares during the last quarter. Finally, Zacks Investment Management purchased a new position in shares of Coeur Mining during the second quarter valued at $130,000. 67.31% of the stock is currently owned by institutional investors.
Coeur Mining Company Profile
Coeur Mining, Inc is a gold and silver producer. The Company’s segments include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Company also a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand.
To view Vetr’s full report, visit Vetr’s official website.
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